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0 0.00140845070422532 0.00423943661971831 0 0.00281690140845077 0 -0.00140845070422532 0
Stock impact report

Under $10 NIO Stock Surges With New Capital - Should You Buy? [Yahoo! Finance]

NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO) 
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Persistent rise in selling and advertising expenses, and increasing operational costs weighed on electric vehicle (EV) manufacturer NIO Inc. NIO throughout the year. However, things are now looking brighter for the NIO stock amid increased investments, Chinese stimuli, and growing demand for its newest models. So, is this an apt moment for investors to buy the NIO stock below $10? Let's explore – NIO Stock Bounces Back For most of the year, the NIO stock has given its investors fewer reasons to rejoice as its shares are down 26.3% year to date. However, things began to turn around for the EV maker in the last month, with the NIO stock outperforming the Automotive - Foreign industry (+65.3% vs +0.9%). Image Source: Zacks Investment Research The NIO stock is up 25.6% in the past five sessions and recently broke above the 200-day moving average (DMA), signifying a bullish trend. So, what's behind the current uptrend? Image Source: Zacks Investment Research NIO Gets New Inv Show less Read more
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